Is San Luis Obispo County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Luis Obispo County has remained a Seller's Market.
Housing Prices in San Luis Obispo County, CA
How much do homes in San Luis Obispo County, CA cost?
Median Sold Price
$849,772
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Luis Obispo County was $849,772 in April 2024, up 1.5% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $551.5K | $560K | +1.5% |
2 Bedrooms | $627K | $709.8K | +13.2% |
3 Bedrooms | $833.8K | $844.1K | +1.2% |
4 Bedrooms | $1.0M | $1.1M | +1.3% |
5+ Bedrooms | $1.4M | $1.4M | -5.1% |
Summary: San Luis Obispo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Counties
Santa Barbara County | $1.0M | $1.2M | +17.5% |
Monterey County | $803.5K | $844.7K | +5.1% |
Kings County | $345K | $358.8K | +4.0% |
Kern County | $350.1K | $359.6K | +2.7% |
San Luis Obispo County | $837K | $849.7K | +1.5% |
Housing Supply in San Luis Obispo County, CA
How many homes are available in San Luis Obispo County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
821 | 836 | +1.8% |
Summary: The San Luis Obispo County real estate market had 836 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 23 | +15.0% |
2 Bedrooms | 165 | 157 | -4.8% |
3 Bedrooms | 402 | 405 | +0.7% |
4 Bedrooms | 168 | 180 | +7.1% |
5+ Bedrooms | 66 | 71 | +7.6% |
Summary: The San Luis Obispo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
205 | 211 | +2.9% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Summary: A total of 211 homes were sold or pending in San Luis Obispo County in April 2024, up by 2.9% month-over-month. Of the 210 sold homes, 41% were sold under asking, 19% were sold at asking, and 40% were sold over asking.
Days on Market for San Luis Obispo County, CA
How long does it take to sell a home in San Luis Obispo County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 32 Days | -22.2% |
Summary: Homes in San Luis Obispo County had an average of 32 days on market in Apr 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
150 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 211 homes were sold in San Luis Obispo County; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.